Today’s Price Action: What’s Propelling Las Vegas Sands Corp. to Increase So Much?

Today's Price Action: What's Propelling Las Vegas Sands Corp. to Increase So Much?

The stock of Las Vegas Sands Corp. (NYSE:LVS) is a huge mover today! About 2.57 million shares traded hands. Las Vegas Sands Corp. (NYSE:LVS) has risen 19.18% since February 29, 2016 and is uptrending. It has outperformed by 6.96% the S&P500.
The move comes after 5 months positive chart setup for the $46.94B company. It was reported on Oct, 3 by Barchart.com. We have $90.00 PT which if reached, will make NYSE:LVS worth $25.35 billion more.

Analysts await Las Vegas Sands Corp. (NYSE:LVS) to report earnings on October, 19. They expect $0.59 earnings per share, down 10.61% or $0.07 from last year’s $0.66 per share. LVS’s profit will be $473.90 million for 24.76 P/E if the $0.59 EPS becomes a reality. After $0.52 actual earnings per share reported by Las Vegas Sands Corp. for the previous quarter, Wall Street now forecasts 13.46% EPS growth.

Las Vegas Sands Corp. (NYSE:LVS) Ratings Coverage

Out of 13 analysts covering Las Vegas Sands (NYSE:LVS), 7 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 54% are positive. Las Vegas Sands has been the topic of 28 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The stock of Las Vegas Sands Corp. (NYSE:LVS) earned “Sell” rating by Vetr on Wednesday, August 12. Barclays Capital downgraded Las Vegas Sands Corp. (NYSE:LVS) rating on Tuesday, October 27. Barclays Capital has “Equal-Weight” rating and $45 price target. The firm earned “Neutral” rating on Tuesday, August 18 by Goldman Sachs. Argus Research upgraded the shares of LVS in a report on Wednesday, September 14 to “Buy” rating. The company was maintained on Thursday, April 21 by Barclays Capital. Standpoint Research downgraded the stock to “Hold” rating in Thursday, March 17 report. The stock of Las Vegas Sands Corp. (NYSE:LVS) earned “Positive” rating by Susquehanna on Tuesday, January 26. The rating was maintained by Telsey Advisory Group with “Market Perform” on Thursday, January 28. The stock of Las Vegas Sands Corp. (NYSE:LVS) has “Buy” rating given on Thursday, September 17 by Vetr. The firm has “Outperform” rating given on Monday, September 19 by CLSA.

According to Zacks Investment Research, “Las Vegas Sands Corp. is a hotel, gaming, and retail mall company headquartered in Las Vegas, Nevada. The company owns The Venetian Resort Hotel Casino, the Sands Expo and Convention Center, Venetian Interactive, an internet based venture, and Venetian Macao Limited, a developer of multiple casino hotel resort properties in The People’s Republic of China’s Special Administrative Region of Macao.”

Insitutional Activity: The institutional sentiment decreased to 1.1 in 2016 Q2. Its down 0.25, from 1.35 in 2016Q1. The ratio turned negative, as 72 funds sold all Las Vegas Sands Corp. shares owned while 119 reduced positions. 42 funds bought stakes while 168 increased positions. They now own 297.43 million shares or 2.96% less from 306.52 million shares in 2016Q1.
Nomura Asset has 0.05% invested in the company for 61,655 shares. Blackrock Ltd Limited Liability Company has 860,252 shares for 0.04% of their US portfolio. Lpl Fincl Ltd Liability Corp last reported 49,394 shares in the company. Moreover, Riverpoint Cap Mngmt Ltd Liability Company has 0.04% invested in Las Vegas Sands Corp. (NYSE:LVS) for 10,691 shares. Exane Derivatives holds 0% or 10,133 shares in its portfolio. Comerica State Bank accumulated 0.16% or 366,672 shares. Legal & General Public Limited Com reported 1.71 million shares or 0.08% of all its holdings. Atalanta Sosnoff Limited Liability Corp has invested 0.02% of its portfolio in Las Vegas Sands Corp. (NYSE:LVS). Advsr Cap Mngmt Ltd Liability Corp has 214,006 shares for 0.95% of their US portfolio. Sumitomo Life Insurance Com accumulated 0.2% or 34,387 shares. Thornburg Investment Mgmt, a New Mexico-based fund reported 3.44M shares. Cg Asset Management Ltd Liability reported 22,950 shares or 0.4% of all its holdings. State Bank Of Montreal Can has 0.02% invested in the company for 314,164 shares. Clearbridge Limited Liability Corp has invested 0% of its portfolio in Las Vegas Sands Corp. (NYSE:LVS). Amg Natl National Bank last reported 0.21% of its portfolio in the stock.

More important recent Las Vegas Sands Corp. (NYSE:LVS) news were published by: Fool.com which released: “Better Buy: Las Vegas Sands Corp. vs. MGM Resorts International” on October 02, 2016, also Forbes.com published article titled: “Ex-Dividend Reminder: Las Vegas Sands, Marriott Vacations Worldwide and …”, Profitconfidential.com published: “Las Vegas Sands Corp.: LVS Stock is Setting Sights on All-Time Highs” on September 19, 2016. More interesting news about Las Vegas Sands Corp. (NYSE:LVS) was released by: Prnewswire.com and their article: “Las Vegas Sands and Sands Cares Increases Aid to Homeless in Las Vegas” with publication date: September 20, 2016.

LVS Company Profile

Las Vegas Sands Corp., incorporated on August 9, 2004, is a developer of destination properties (integrated resorts) that offers accommodations, gaming, entertainment and retail, convention and exhibition facilities, celebrity chef restaurants and other amenities. The Firm owns and operates integrated resorts in Asia and the United States. The Company’s principal operating and developmental activities occur in three geographic areas: Macao, Singapore and the United States. In Macao, the Company’s divisions are The Venetian Macao, Sands Cotai Central, Four Seasons Macao, Sands Macao and Other Asia (comprises the Company’s ferry activities and various other operations). In Singapore, the Company’s segment is Marina Bay Sands. In the United States, the Company’s divisions are The Venetian Las Vegas, which includes the Sands Expo Center and The Palazzo, and Sands Bethlehem. The Paiza Club located at the Company’s properties is an invitation-only club, which offers services and amenities, including luxury accommodations, restaurants, lounges and private gaming salons. The Firm also offers players club loyalty programs at its properties, which provide access to rewards, privileges and members-only events.

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